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The music union they belong to should help with a most favoured nation clause. But it's not going to make the slightest difference. This is exactly what every
by happymellon 3y ago
The music union they belong to should help with a most favoured nation clause.
But it's not going to make the slightest difference.
This is exactly what everyone whinged about in the 80/90's when no one made money on album sales but they made money touring and selling teeshirts.
There was never any money in albums for artists, and to use Beyonce as the example since you brought her up
https://parade.com/1138672/jessicasager/beyonce-net-worth/ https://parade.com/1138672/jessicasager/beyonce-net-worth/
> Beyoncé's estimated net worth in 2023 is $540 million.
> In 2019, The London Evening Standard estimated Bey's earnings from album sales to be about $13 million.
She has shifted 100's of millions of units, one of the most successful artists, and yet her earnings over multiple decades work out to single digit percentage of her actual worth.
She makes more from a single concert than her total album sales.
She makes more from a single clothing run than she does from her total music sales.
Musicians have a completely warped view of how other musicians make their money.
- edgyquant 3y agoThis isn’t a response at all to the comment you replied to. Regardless, it should be a standard payment per stream
- Arnt 3y agoIt is a response, in a way… it says that Beyonce too earns little of her income from streaming sales, just like the small fish do. It says that while there may be something unfair about streaming rates, it's not as unfair as the small fish think, and… does it imply that it's therefore okay? Not sure.
- happymellon 3y agoI didn't say it was okay. I just said that they are blowing it out of proportion. Sure there might be scraps on the table that are going to the wrong people, but it's not the big differentiator. Taylor Swift is now the first billionaire from just music. She rerecorded her music to ensure that she gets all the royalties. She is a massive outlier, and didn't make the majority through album sales or streams. https://www.forbes.com/sites/monicamercuri/2023/10/30/taylor-swift-didnt-need-lucrative-side-hustles-to-become-a-billionaire/ https://www.forbes.com/sites/monicamercuri/2023/10/30/taylor... Yeah she didn't make it from clothing and whiskey, but less than half her worth is from music sales. It's touring and merch sales. Bruce Springsteen made his billion from touring rather than album sales.
- moogly 3y agoMeanwhile, Daniel Ek's estimated net worth is $3.5 billion[1] [1]: https://www.forbes.com/profile/daniel-ek/ https://www.forbes.com/profile/daniel-ek/